Kenmare Resources (LON:KMR) Trading 9.1% Higher – Here’s What Happened

Kenmare Resources plc (LON:KMR) shot up 9.1% during trading on Tuesday . The company traded as high as GBX 224 and last traded at GBX 222.50. 178,468 shares were traded during trading, a decline of 88% from the average session volume of 1,468,473 shares. The stock had previously closed at GBX 204.

Wall Street Analyst Weigh In

Separately, Berenberg Bank cut their target price on Kenmare Resources from GBX 290 to GBX 280 and set a “hold” rating for the company in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of GBX 382.50.

Kenmare Resources Trading Up 1.1%

The company has a debt-to-equity ratio of 12.31, a current ratio of 6.16 and a quick ratio of 1.22. The business has a fifty day moving average of GBX 252.63 and a 200-day moving average of GBX 265.49. The stock has a market capitalization of £196.76 million, a price-to-earnings ratio of -3.84, a price-to-earnings-growth ratio of 0.03 and a beta of 0.49.

Kenmare Resources Company Profile